SAP FI:Terms of Payment and Cash Discounts:

i. TOP – for Baseline date calculation – Cash disc period – Cash disc %
ii. TOP – assigned to – C/V - proposed by the system / enter by user – used in processing transaction.
iii. Base line date (posting , entry, document date, no default)
iv. Cash discount terms, Cash discount % - %, no. of days, fixed date, additional months,
v. Fixed day, additional months
Cash Discount:
i. To calculate, you enter % rate in TOP
ii. Also enter no. of days that the % is valid
iii. Also add fixed days and months
iv. Days & months are used in conjunction with the baseline date to calculate correct cash disc.
v. You can enter up to 3 cash discount periods
vi. Base amount – is net value (total of G/L and FA line items, taxes not included / gross value (including taxes)
vii. Global parameters of a company code
TOP in Credit Memos:
i. Invoice related credit memos: you can link credit memo to original invoice enter original invoice number in “Invoice Reference” field during document entry – in this case both documents become due on the same date
ii. Other Credit memos: TOP are invalid – due on base line date – enter “V” in “Invoice Reference” field.
Day limit:
i. Date specific TOP in one TOP key.
ii. calendar day to which the TOP are valid
iii. you can store single or multi-part TOP in one TOP key
iv. Several versions can define with each version having a different day limit.
v. Is the baseline date up to which payment term version applies.
Description: automatic – can replace – SO mgt text for printing
Account type
Payment Control: Block key & Payment method - default on first time if not set the indicator / default on change on setting the indicator.

Fixed day : used to overwrite the calendar day of the baseline date
Installment:
i. Portion of invoice amount may be retained for payment at a later date
ii. Total invoice amount is divided into partial amounts due on different dates
iii. System carries out this split automatically if installment payment is defined in the TOP – create a line item for each installment specified
iv. Define an installment number, a percentage rate (total must be 100%), and terms of payment for each installment
v. Line item amounts correspond to the % of the total amount – total of all line item = total amount of document
Posting the Cash Discount – Gross Procedure:
i. Enter either manually or automatically by the system
ii. You can still change the cash discount after you post the invoice
iii. When you clear C/V – cash discount automatically post to the “cash disc expense/received”
Posting the Cash Discount - Net Procedure:
i. Cash discount amount is automatically posted when the invoice is posted. (this amount reduce from exp or B/S account )
ii. System carries out a clearing posting to the cash discount clearing account
iii. If invoice paid after cash disc deadline, cash discount loss is posted to a separate account
iv. Cash discount clearing account must be managed on an open item basis.

1 comment:

  1. Which of the following cash discount accounts are used in the gross procedure

    ReplyDelete